Greater China Stocks Slip; Hong Kong Sees Largest Decline

Dow Jones
03-10

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Greater China fell on Monday.

Hong Kong's Hang Seng Index fell 1.8% to 23783.49, and China's Shanghai Composite Index slipped 0.2% to 3366.16. The Taiwan Taiex index slipped 0.5% to 22459.15.

Among Hang Seng constituents, Shenzhou International Group Holdings Ltd. posted the largest decline, dropping 5.4%, followed by shares of China Unicom (Hong Kong) Ltd., which fell 4.9%. Shares of Hansoh Pharmaceutical Group Co. Ltd. fell 4.8%.

Alibaba Health Information Technology Ltd. was the biggest gainer among companies on the Hang Seng, gaining 3.3%, and Orient Overseas (International) Ltd. gained 3.0%. Baidu Inc. rounded out the top three movers on Monday, as shares gained 1.3%.

Among large mainland China stocks, Orient Group Inc. A posted the largest decline, dropping 10%, followed by shares of Hangzhou Advance Gearbox Group Co. Ltd., which dropped 10%. Shares of Dalian Bio-Chem Co. Ltd. dropped 10%.

Dalian Haosen Intelligent Manufacturing Co. Ltd. A was the biggest gainer during the session, surging 20%, and Shanghai HIUV New Materials Co. Ltd. A surged 20%. Shenzhen Sine Electric Co. Ltd. A rounded out the top three movers on Monday, as shares surged 20%.

In Taiwan, FIT Holding Co. Ltd. posted the biggest decline among large companies, dropping 10%, followed by shares of Lungteh Shipbuilding Co. Ltd., which dropped 9.5%. Shares of Chung Fu Tex-International Corp. dropped 8.6%.

GMI Technology Inc. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Sixxon Tech Co. Ltd. surged 10% Shinkong Insurance Co. Ltd. rounded out the top three movers, as shares surged 10%.

On the currency front, the onshore yuan weakened 0.4% against the U.S. dollar to CNY7.26 while the New Taiwan dollar weakened 0.1% against the U.S. dollar at NT$32.88.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

March 10, 2025 04:30 ET (08:30 GMT)

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